Impact Finance Senior NMTC Project Manager - USBCDE Program Manager

U.S. Bank • Saint Louis, MO

2d

About The Position

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One. Job Description The Impact Finance Senior NMTC Project Manager - USBCDE Program Manager negotiates, structures, underwrites, and closes equity and debt investments utilizing Federal New Markets Tax Credit (NMTC) programs with a primary focus on transactions utilizing U.S. Bancorp Community Development Entity (USBCDE) allocation. They manage relationships with internal Business Development Officers, sponsors, and external partners in negotiating investment terms and structures, and is responsible for obtaining credit approval prior to closing. This role engages third‑party professionals (attorneys, accountants, consultants, and other advisors) in coordinating the drafting, collection, and review of transaction documentation, legal agreements, and financial projections necessary to close NMTC investments. They will coordinate with Asset Management to ensure a seamless transition of closed investments for ongoing compliance, monitoring, and reporting throughout the NMTC compliance period. This position is responsible for USBCDE application strategy and execution, including drafting and managing the overall USBCDE application process. They will lead and manage USBCDE‑specific activities, including allocation deployment and responsible for the establishment, maintenance, and ongoing enhancement of internal policies, procedures, and guidance necessary to support USBCDE strategy, operations, and compliance. Additionally, this position coordinates with internal stakeholders and external agencies, as necessary, on matters related to USBCDE and NMTC program advocacy.

Requirements

• Typically Bachelor's degree and eight or more years of related experience
• Or, MBA/JD with five or more years of directly related experience
• Extensive knowledge of Federal NMTC programs including investment underwriting and knowledge of regulatory risk requirements
• Ability to develop and manage policies, procedures, and internal guidelines for NMTC or similar tax credit programs
• Knowledge and experience with real estate and operating business underwriting, construction finance, legal and real estate documentation, and accounting
• Proficient computer skills, specifically Microsoft Office applications
• Well‑developed analytical and problem‑solving skills, highly detailed oriented
• Effective interpersonal, verbal, and written communication skills

Nice To Haves

• Working knowledge of managing a Community Development Entity (CDEs) is strongly preferred
• Experience drafting and managing federal NMTC allocation applications

Responsibilities

• Negotiates, structures, underwrites, and closes equity and debt investments utilizing Federal New Markets Tax Credit (NMTC) programs with a primary focus on transactions utilizing U.S. Bancorp Community Development Entity (USBCDE) allocation.
• Manages relationships with internal Business Development Officers, sponsors, and external partners in negotiating investment terms and structures, and is responsible for obtaining credit approval prior to closing.
• Engages third‑party professionals (attorneys, accountants, consultants, and other advisors) in coordinating the drafting, collection, and review of transaction documentation, legal agreements, and financial projections necessary to close NMTC investments.
• Coordinate with Asset Management to ensure a seamless transition of closed investments for ongoing compliance, monitoring, and reporting throughout the NMTC compliance period.
• Responsible for USBCDE application strategy and execution, including drafting and managing the overall USBCDE application process.
• Lead and manage USBCDE‑specific activities, including allocation deployment and responsible for the establishment, maintenance, and ongoing enhancement of internal policies, procedures, and guidance necessary to support USBCDE strategy, operations, and compliance.
• Coordinates with internal stakeholders and external agencies, as necessary, on matters related to USBCDE and NMTC program advocacy.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees